BAY CITY, Mich. and TORONTO, March 22, 2004 (PRIMEZONE) -- UgoMedia Interactive Corp (Pink Sheets:UGMI) (name change to Sciax Corporation pending) issued a clarification today regarding the availability of the Company's stock certificates from Heritage Trust Company.
Nitin Amersey, Chairman and CEO of Sciax stated, "Notwithstanding, unsubstantiated speculation, I have confirmed with the senior management of Heritage Trust Company, our transfer agent, that there is no backlog of share transfers and a significant number of physical share certificates are available if required. If investors are encountering difficulties in obtaining UGMI stock certificates the problem is unrelated to UGMI or Heritage."
About Sciax
Sciax is an emerging leader in defense imaging systems for law enforcement and military personnel engaged in counter-terrorism and other special security operations. Sciax America Inc. and Sciax Technology Inc. are wholly owned subsidiaries of Ugomedia Interactive Corporation (UGMI.PK). A name change from Ugomedia Interactive Corp. to Sciax Corporation is pending.
Sciax is the manufacturer of Wolf Pack, the company's tactical remote viewing system used by law enforcement and military organizations in North America and Europe. Customers include, military and law enforcement agencies of the US and German Governments, contraband interdiction units of Canada Customs, and LAPD-SWAT.
This release contains forward-looking statements with respect to the results of operations and business of Sciax Technology Inc., Sciax America Inc. and Ugomedia Interactive Corp. which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. The company intends that such statements about the Company's future expectations, including future revenues and enforcement and defense imaging system earnings, and all other forward looking statements be subject to the "safe harbors" provision of the Private Securities Litigation Reform Act of 1995.
Ugomedia Interactive Corp. (UGMI) Sciax Technology Inc. Sciax America Inc. www.sciax.com